Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Unvested RSU and PSU Award Activity

The table below summarizes RSU award activity for the three months ended March 31, 2022:

	Shares	Weighted-Average Grant Date Fair Value
Unvested RSUs at December 31, 2021	771,817	$	5.91
Granted	393,515	$	13.63
Forfeited	(3,033)	$	6.43
Vested	(162,018)	$	7.55
Unvested RSUs at March 31, 2022	1,000,281	$	8.68

The table below summarizes PSU activity for the three months ended March 31, 2022:

	Shares	Weighted-Average Grant Date Fair Value
Unvested PSUs at December 31, 2021	2,751,725	$	8.42
Granted	472,485	$	19.42
Vested	(608,125)	$	9.30
Unvested PSUs at March 31, 2022	2,616,085	$	10.20

Schedule of Total Shareholder Return Goals

Between 0x to 2.0x of the Performance Units are eligible to be earned based on Earthstone achieving an annualized TSR based on the following pre-established goals:

Earthstone’s Annualized TSR	TSR Multiplier
23.9% or greater	2
14.5%	1
8.4%	0.5
Less than 8.4%	0